HT Image
HT Image

Telecom stocks rally on cut talks

Shares of Bharti Airtel and Idea Cellular surged as much as 9% amid reports that the government is likely to cut the reserve price for airwaves after just one company bid for the spectrum auction next month.
PTI | By HT Correspondent, Mumbai
UPDATED ON FEB 26, 2013 10:21 PM IST

Shares of Bharti Airtel and Idea Cellular surged as much as 9% amid reports that the government is likely to cut the reserve price for airwaves after just one company bid for the spectrum auction next month.

Airtel touched an intra-day high of R334.55 before ending at R311.30, a rise of 1.38% from Monday. Idea Cellular surged over 4.43% to an early high of R118.85 before ending Tuesday at R118, up 3.69%, on BSE.

SHARE THIS ARTICLE ON
Close
SHARE
Story Saved
OPEN APP